Exports may grow slowly, but steadily: Nirmala Sitharaman

“At the moment, the fall is arrested,” the minister said. “We will only be looking at steady growth. It may be slow but steady,” she said.

ET Bureau|

Last Updated: Oct 11, 2016, 01.36 AM IST

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Sitharaman’s statement comes in the wake of two months of shrinking exports and resonates industry’s view that exports would grow post October and reach $280 billion.

NEW DELHI: Commerce and industry minister Nirmala Sitharaman on Monday said she expects slow but steady growth in exports in the coming months, reversing a trend of falling shipments.

“At the moment, the fall is arrested,” the minister said while launching a dashboard on foreign trade data . “We will only be looking at steady growth. It may be slow but steady,” she said.

Sitharaman’s statement comes in the wake of two months of shrinking exports and resonates industry’s view that exports would grow post October and reach $280 billion for the full year.

Outbound shipments had increased in June after having declined for 18 months. India’s exports marginally dipped 0.3% year on year to $21.51billion in August.

The dashboard on foreign trade data would provide an enabling environment to importers and exporters to identify and access global trade opportunities based on reliable and updated information, directly accessible to the public through government sources.